Taxation and innovation: How R&D tax credit schemes foster innovation in the private sector
Research and Development (R&D) is crucial to secure continued economic growth and prosperity. Private sector investments in R&D are typically too low, which constitutes a market failure. Governments use R&D tax credit schemes to compensate for this failure. Input-based tax credit schemes and lenient corporate taxation are especially useful to stimulate private sector R&D activities
Year of publication: |
2023
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Authors: | Falck, Oliver ; Kerkhof, Anna ; Pfaffl, Christian |
Published in: |
EconPol Forum. - ISSN 2752-1184. - Vol. 24.2023, 4, p. 61-66
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Publisher: |
Munich : CESifo GmbH |
Saved in:
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